Suppose that the demand and supply curve for a good are given by Q^D = 90 - P and Q^S = 4P - 10.
a. What are the equilibrium price and equilibrium quantity?
b. At what price is there an excess demand of 50 units?

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The Answer of Suppose that the demand and supply curve for a good are given by Q^D = 90 - P and Q^S = 4P - 10. a. What are the equilibrium price and equilibrium quantity? b. At what price is there an excess demand of 50 units?

Suppose That the Demand and Supply Curve for a Good